Highsale Wholesale Ltd 09070410 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is Other Retail Sale Not In Stores, Stalls Digita Accounts Production Advanced 6.30.9574.0 true true 09070410 2022-07-01 2023-06-30 09070410 2023-06-30 09070410 core:CurrentFinancialInstruments 2023-06-30 09070410 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 09070410 bus:SmallEntities 2022-07-01 2023-06-30 09070410 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 09070410 bus:FullAccounts 2022-07-01 2023-06-30 09070410 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 09070410 bus:RegisteredOffice 2022-07-01 2023-06-30 09070410 bus:Director1 2022-07-01 2023-06-30 09070410 bus:Director2 2022-07-01 2023-06-30 09070410 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 09070410 countries:England 2022-07-01 2023-06-30 09070410 2021-07-01 2022-06-30 09070410 2022-06-30 09070410 core:CurrentFinancialInstruments 2022-06-30 09070410 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 09070410

Highsale Wholesale Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2023

 

Highsale Wholesale Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Highsale Wholesale Ltd

Company Information

Directors

Miss Megan Susan Bliss

Ms Katie Natalie Chandler

Registered office

Flat 1
61 Chantry Road
Moseley
Birmingham
West Midlands
B13 8DN

Accountants

Onyx Accountants Limited
Chartered Management Accountants
Onyx House
12 Phoenix Business Park
Avenue Close
Birmingham
West Midlands
B7 4NU

 

Highsale Wholesale Ltd

(Registration number: 09070410)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Current assets

 

Debtors

362,654

362,654

Creditors: Amounts falling due within one year

(125,339)

(125,339)

Net assets

 

237,315

237,315

Capital and reserves

 

Called up share capital

100

100

Retained earnings

237,215

237,215

Shareholders' funds

 

237,315

237,315

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 March 2024 and signed on its behalf by:
 

.........................................
Miss Megan Susan Bliss
Director

 

Highsale Wholesale Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Flat 1
61 Chantry Road
Moseley
Birmingham
West Midlands
B13 8DN
England

These financial statements were authorised for issue by the Board on 6 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Highsale Wholesale Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).